Business, Hays County
Businesses brace for new overtime rules
Federal changes are on the horizon as updates to the standards regulating overtime pay are slated to go into effect Dec. 1.
But concern is rising for some as the changes may in turn cause employers to cut employees in order to meet the new standard.
On May 16, President Barack Obama announced publication of the Department of Labor’s “Final Rule” updating overtime regulations, according to the U.S. Department of Labor website.
The regulations increase the salary threshold for most ...